You need a CDS account to be eligible to invest in stock market.(entry age 18)
Most of the banks offer this service, but commission rates may different.
Lets choose the best investment bank that provide best CDS account service!
| Broker Name | Brokerage Fee | Intraday | Platform | Mobile Trading | Interest on Balance |
|---|---|---|---|---|---|
| A&A Anthony | ?? | ?? | ActiveX (Excel Force) | ?? | ?? |
| Affin Trade | 0.42% or RM28 (below RM100k) | 0.15% min RM28 | Java (N2N Connect) | Yes (Not Free) | Yes |
| 0.21% or RM28 (above RM100k) | |||||
| 0.20% or RM12 (Cash) | |||||
| Alliance Share | 0.7% or RM28 | ?? | ActiveX (Excel Force) | No | ?? |
| AmeSecurities | ?? | ?? | Java (N2N Connect) | Yes (Not Free) | ?? |
| APEXeTrade | 0.60% or RM28 (less RM100k) | 0.15% | Java (N2N Connect) | Yes (Not Free) | Yes |
| 0.3% or RM28 (above RM100k) | |||||
| CIMB i*trade | 0.42% or RM28 | 0.15% | Java (N2N Connect) | Yes (Not Free) | Yes |
| CIMB ClickTrader | RM8.88 | ?? | Java (N2N Connect) | ?? | No |
| ecmmoney.com | 0.35% or RM12 (Non-Cash, below RM100k) | 0.08% | ActiveX (Excel Force) | No | Yes |
| 0.2% or RM12 (Non-Cash, above RM100k) | |||||
| 0.08% or RM12 (Cash) | |||||
| HLeBroking | 0.42% or RM12 (below RM100k) | 0.1% | ActiveX (Excel Force) | Yes (Free) | Yes |
| 0.21% or RM12 (above RM100k) | |||||
| HWangDBS | 0.7% or RM28 (below RM100k) | ?? | Java | ?? | ?? |
| 0.5% or RM28 (above RM100k) | |||||
| Jupiter | 0.2% or RM12 (Non-Cash) | ?? | ActiveX (Excel Force) | Yes (Free) | Yes |
| 0.1% or RM10 (Cash, below RM50k) | |||||
| 0.05% or RM10 (Cash, above RM50k) | |||||
| Kenanga | 0.7% or RM28 (below RM100k) | ?? | Java (N2N Connect) | Yes (Not Free) | ?? |
| Negotiatabe for above RM100k) | |||||
| Maybank | 0.42% or RM12 | ?? | ActiveX (Excel Force) | No | ?? |
| Mercury Straightthru | ?? | ?? | ?? | ?? | ?? |
| MIMB | ?? | ?? | ActiveX (Excel Force) | No | Yes |
| OSK188 | 0.42% or RM12 | 0.15% | Java | Yes (Not Free) | Yes |
| Public Invest | 0.42% or RM28 | ?? | ActiveX (Excel Force) | No | Yes |
| RHB Invest | 0.42% or RM12 | ?? | ?? | Yes | ?? |
| SJ Securities | 0.42% or RM28 (below RM100k) | 0.15% | Java (N2N Connect) | Yes (Not Free) | Yes |
| TA Online | ?? | ?? | Java (N2N Connect) | Yes (Not Free) | ?? |
source : 1 million dollar blog
After the comparison of the investment banks, I chosen HLeBroking.
So, I proceed, to Hong Leong Bank Taman Century JB,
What they need us to do:
1) Open a saving account. As usual, IC needed.
2) Sign stack of forms(3 forms to make sure you understand you may lost all invested money by investing 'warrant' @.@)
3) We'll get a terms and conditions policy, saving book and Debit Card.
NOTE : We will need a Debit Card to activate online service, please request.
I was informed that my CDS account will be ready within 2 working days, let see.
Excited!
~~jerryteh
